Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $1.11 Million Stock Holdings in Kraft Heinz Company $KHC

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 106.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,363 shares of the company’s stock after purchasing an additional 25,434 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Kraft Heinz were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Auto Owners Insurance Co boosted its position in Kraft Heinz by 3,034.1% during the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company’s stock worth $39,957,000 after buying an additional 15,951,271 shares during the period. Norges Bank acquired a new position in Kraft Heinz in the 4th quarter valued at approximately $332,382,000. Barclays PLC raised its stake in shares of Kraft Heinz by 77.8% during the fourth quarter. Barclays PLC now owns 8,973,146 shares of the company’s stock valued at $217,599,000 after acquiring an additional 3,926,141 shares during the last quarter. Invesco Ltd. raised its stake in shares of Kraft Heinz by 10.5% during the fourth quarter. Invesco Ltd. now owns 19,725,662 shares of the company’s stock valued at $478,347,000 after acquiring an additional 1,870,310 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Kraft Heinz by 127.6% during the first quarter. SG Americas Securities LLC now owns 3,319,277 shares of the company’s stock worth $74,651,000 after purchasing an additional 1,860,826 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Kraft Heinz from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Wall Street Zen raised Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Saturday. BTIG Research began coverage on Kraft Heinz in a report on Monday, April 13th. They set a “neutral” rating on the stock. UBS Group upped their price target on Kraft Heinz from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group decreased their price target on Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $22.88.

Insider Buying and Selling

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by insiders.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $25.37 on Friday. The company has a market capitalization of $30.08 billion, a PE ratio of -5.22 and a beta of 0.09. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19. The firm’s fifty day moving average is $23.39 and its 200 day moving average is $23.46. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same period last year, the company posted $0.62 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.